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TSX Hits Lowest Level Since March; Laurentian Has New CEO; Manufacturing Weakens
Author
Published Oct 02, 2023 14:46
© Reuters.
By Ketki Saxena
Investing.com -- On the first trading day of Q4, Canada’s main stock index, the S&P/TSX Composite index fell to its lowest level since March as the commodity-heavy Canadian index was pressured by sliding metal and crude prices.
Meanwhile, Wall Street traded on a mixed note as US Treasuries rose, while the NASDAQ managed to eke out a gain led by mega caps.
Toronto Stock Markets News
Laurentian Bank (TSX:LB) is moving forward on its promise to simplify its organizational structure after it failed to secure a buyer during a strategic review. Laurentian announced that Rania Llewellyn is out as CEO after nearly three years, with Eric Provost taking over.
Tilray (TSX:TLRY) has completed the acquisition of eight beer brands from Anheuser-Busch, a deal that it had previously announced. Financial details of the deal were not disclosed by the company.
For earnings, view our earnings calendar.
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In Canadian Economics
The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to its lowest level in nearly three years, faling from a seasonally adjusted 47.5 last month from 48.0 in August.
For all Canadian economic releases, view our economic calendar.
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